You DO NOT ever finance the property to a buyer/tenant with the intention or hope that they don’t stay in the property.

Instead of paying 1250$ a month and staying in my current home I can pay 977$ per month and have an additional 4br/2 bath property. 

This can be particularly advantageous as you’re learning the ropes and gaining experience.On the other hand, the BRRRR strategy—Buy, Rehab, Rent, Refinance, Repeat—can be a great way to build wealth and leverage your investments once you’re more comfortable with the process.

I would not put Luxe in any STR, even a higher end one as I feel the standard is comfortable and nice. 

Its certainly not "guaranteed return" - thats a word to always stay away from in real estate (in finance or even investing in general)high level - its because HMLs are going to be secured by the real estate, meaning in event of default, the lender can get the property to be made whole - somewhat trust is involved, but thats the main mechanism behind it

Building a compset and diving into the details about the competition, cleaning fees, length of stay, and really, seeing who is out ther doing STR versus MTR etc. 

Cause any great deal you find in those channels, be certain dozens of other investors are also stumbling upon it, but that's what I would do if I wanted to stay in the home market and had that type of capital.Or, find a market where you can get into a house for 90k - 110k and then you're in a market where you make need 30k - 40k in capital to see it through to the exit.

Do NOT buy more house than you can comfortably buy for the sake of potential future revenue.    

Makes an amazing shot of espresso, and pretty much idiot proof so long as you have your cleaner stay on top of the cleaning and maintenance.

We stay there about 1 week a month and do STR the rest of the time.